Northeast

A combination of technology and a building niche with lots of demand has helped one Philadelphia company.

Besides new revenue procedures, the IRS has also issued guidance easing deadlines for like-kind exchanges and Opportunity Zones.

George Comfort & Sons has signed a 14,140-square-foot lease with SCHOTT Corp., at its recently redeveloped six-building complex in Rye Brook.

The board of the Nassau County Industrial Development Agency has given preliminary approval for a package of development incentives to renovate 96,867 square feet of new office space in Long Island.

The Brooklyn Brokers United fund has exceeded its $20,000 goal at a current level of $23,016.

By the end of March, property managers had mobilized quickly to implement and execute new policies in response to coronavirus.

As more people face sudden unemployment during the slowdown, the Opportunity Zones initiative and if utilized, the EB-5 investor program will continue to provide jobs to distressed communities across the country.

Shopoff expects the sudden downturn will create buying opportunities for value-add investors, particularly in the hotel sector.